Question
What is the labeled price of the article?
Statement I: The profit earned would be 20% if no discount is offered. Statement II: The SP after offering 10% discount on the labeled price is Rs. 720.Solution
From I, Let the labelled price be Rs.x . ∴ Profit = x × 20% From II, 90% = 720 100% = 720/90 × 100 = Rs. 800(labelled price).
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